FBR & Co restated their outperform rating on shares of New Residential Investment Corp (NYSE:NRZ) in a research note released on Sunday, April 23rd. They currently have a $17.50 price target on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut New Residential Investment Corp from a buy rating to a hold rating in a research report on Thursday, January 5th. Vetr cut New Residential Investment Corp from a buy rating to a hold rating and set a $17.92 price target for the company. in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods restated an outperform rating on shares of New Residential Investment Corp in a research report on Monday, February 6th. Finally, Compass Point upgraded New Residential Investment Corp from a neutral rating to a buy rating in a research report on Tuesday, January 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. New Residential Investment Corp has a consensus rating of Buy and an average target price of $16.89.

Shares of New Residential Investment Corp (NYSE:NRZ) traded up 1.31% during midday trading on Friday, reaching $16.27. 2,202,770 shares of the company traded hands. The stock has a market capitalization of $5.00 billion, a P/E ratio of 7.98 and a beta of 0.96. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $16.11. New Residential Investment Corp has a 1-year low of $12.58 and a 1-year high of $17.86.

New Residential Investment Corp (NYSE:NRZ) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $239.83 million. New Residential Investment Corp had a return on equity of 15.13% and a net margin of 38.93%. New Residential Investment Corp’s revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Equities analysts predict that New Residential Investment Corp will post $2.12 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of NRZ. IFP Advisors Inc boosted its stake in New Residential Investment Corp by 35.6% in the first quarter. IFP Advisors Inc now owns 6,565 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,724 shares in the last quarter. Penserra Capital Management LLC boosted its stake in New Residential Investment Corp by 73.2% in the first quarter. Penserra Capital Management LLC now owns 7,038 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,975 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in New Residential Investment Corp by 94.3% in the first quarter. Acrospire Investment Management LLC now owns 8,897 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 4,317 shares in the last quarter. James Investment Research Inc. bought a new stake in New Residential Investment Corp during the first quarter worth approximately $153,000. Finally, NEXT Financial Group Inc boosted its stake in New Residential Investment Corp by 23.9% in the first quarter. NEXT Financial Group Inc now owns 9,241 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 1,784 shares in the last quarter. Hedge funds and other institutional investors own 46.29% of the company’s stock.

About New Residential Investment Corp

New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

12 Month Chart for NYSE:NRZ

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